DUBLIN--(BUSINESS WIRE)--The "Seed Industry in India: Market Trends, Structure, Growth, Key Players and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Indian seeds market reached a value of US$ 3.6 Billion in 2017, exhibiting a CAGR of around 17% during 2010-2017.
Owing to the below factors, the Indian seeds market is further expected to grow at a CAGR of 14.3% during 2018-2023, reaching a value of more than US$ 8 Billion by 2023.
The Indian seed market has witnessed a major restructuring as a result of the implementation of some progressive policies by the government. Seed Development, 1988 and National Seed Policy, 2002 have helped in strengthening the Indian seed industry in the areas of R&D, product development, supply chain management and quality assurance. Owing to this, India has emerged as the fifth largest seed market across the globe.
Moreover, the active participation of both, public and private sectors has also played a vital role in laying a strong foundation of the industry. This includes launching initiatives to promote the use of hybrid seeds among the farmers who had earlier used outmoded open pollinated varieties. Some other growth-inducing forces, such as growth in income levels, commercialization of agriculture, patent protection systems and intellectual rights over plant varieties, have given a great push to the market.
The report has segmented the market on the basis of type. Currently, grain seeds represent the largest seed type, accounting for more than a half of the total seed production. Other major seed types include oil, vegetable and fruit seeds.
The major regions covered in the report are Uttar Pradesh, Madhya Pradesh, West Bengal, Rajasthan, Punjab, Maharashtra, Andhra Pradesh, Bihar and Karnataka. Amongst these, Uttar Pradesh represents the largest producer, accounting for around 12% of the total market share.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Seed Industry
6 Indian Seed Industry
7 Competitive Landscape
- Kaveri Seeds
- J K Seeds
- Rallis India Limited
For more information about this report visit https://www.researchandmarkets.com/research/nf2gqz/seed_industry_in?w=4